Litecoin (LTC) token has its moment as network activity booms: Crypto Daily
CoinGlass data showed futures open interest above $500 million as more than 17 million LTC moved across the network in 24 hours, the foundation said.
- On Thursday, Litecoin climbed above $74, breaking through the $64–$65 resistance area while bucking broader market weakness over the past 24 hours.
- The Litecoin Foundation attributed the rally to increased network economic activity, reporting over 17 million LTC moved within 24 hours while a golden cross encouraged bullish sentiment.
- Renewed capital inflows into derivatives accompanied the move, with CoinGlass data showing futures open interest exceeding $500 million, while Adjusted Economic Volume reached over $1 billion yesterday.
- Traders are monitoring whether the rally can clear the $75 resistance level, as CoinGlass liquidation heatmaps show potential leverage bands near $75 and higher toward $77.
- Prices are up 37% this month—the best performance since November 2024—while Bitcoin has dropped 3%, positioning LTC as a standout performer in the broader cryptocurrency market.
16 Articles
16 Articles
Litecoin price nears $75 as a golden cross tests the strength of its rally
Litecoin price has climbed above $74 after breaking through the $64–$65 resistance area, while a golden cross on the daily chart has given traders another reason to watch whether the rally can clear $75. Litecoin (LTC) price traded near $74.20…
🚨 Litecoin surged above $70 with increased network activity and volume. 📊 Over 17 million LTC moved on the network in the last 24 hours, and spot volume approached $948 million. ⚡ Short liquidations accelerated the rise, with $LTC currently trading in the $72-$75 range. 🧭 In the event of a drop below $70, $68-$69 is a key target, while a stronger pullback could target $64-$66. Read More: Litecoin surged above $70 with increased network activi…
Litecoin (LTC) is breaking out of the behavior of the main cryptocurrencies, with an increase of close to 8% in 24 hours and a monthly advance of 37%, while the economic volume mobilized in its network again gains prominence. The movement arrives at a time especially relevant to Litecoin. While Bitcoin, Ethereum, XRP and Solana show a [...] The Litecoin entry is triggered while the network activity and institutional interest rebounds was first p…
Litecoin Jumps as Network Activity Booms
TL;DR: Litecoin climbed to its highest level since January, outperforming Bitcoin and major altcoins as onchain activity and derivatives interest strengthened. More than $1 billion in Adjusted Economic Value moved across Litecoin in 24 hours, while over 17 million LTC changed hands across the network. LTC gained about 37% in September, broke resistance near $60.60 ...
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